European fashion brand agree on a new deal in Bangladesh

Related Keywords: Bangladesh, brand, export, fashion, Garments, government, manufacture, readymade, RSC

Bangladesh
European fashion brand agree on a new deal in Bangladesh
Summary: 
European fashion brands who buy readymade garments from Bangladesh agreed on Tuesday to hand over responsibility for issues like worker safety to a new body called the Readymade Sustainability Council (RSC). RSC, governed by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), and brands and workers’ representatives, will replace the Accord on Fire and Building Safety in Bangladesh

European fashion brands who buy readymade garments from Bangladesh agreed on Tuesday to hand over responsibility for issues like worker safety to a new body called the Readymade Sustainability Council (RSC).

RSC, governed by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), and brands and workers’ representatives, will replace the Accord on Fire and Building Safety in Bangladesh to ensure compliance with work-place monitoring in the industry.

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Bangladesh earns 4 billions USD from July exports

Related Keywords: Bangladesh, EPB, export, garment, Knitwear, ready-made

Bangladesh
Bangladesh earns 4 billions USD from July exports
Summary: 
Bangladesh's exports in the first month of the current 2019-20 fiscal year ending next June surged 8.55 percent to nearly 4 billion U.S. dollars, an official said Tuesday. The Export Promotion Bureau (EPB) official told Xinhua that export performance for July was 3.88 billion U.S. dollars. Of the total earnings, he said the country's income from ready-made garment items, including knitwear

Bangladesh's exports in the first month of the current 2019-20 fiscal year ending next June surged 8.55 percent to nearly 4 billion U.S. dollars, an official said Tuesday.

The Export Promotion Bureau (EPB) official told that export performance for July was 3.88 billion U.S. dollars.

Of the total earnings, he said the country's income from ready-made garment items, including knitwear and woven, stood at 3.31 billion U.S. dollars.

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Indian textile sector suffering in international market

Related Keywords: apparel, Bangladesh, China, clothing, cotton, export, fabric, import, India, Textile, Vietnam, yarn

India
Indian textile sector suffering in international market
Summary: 
India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry. Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the opportunities

India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.

Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the opportunities because of its competitive disadvantages and trade barriers in the international markets.

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Readymade garment import India

Related Keywords: apparel, Bangladesh, China, exports, fabrics, fiber, Garments, Imports, manufacturing, readymade

India
Readymade garment import India
Summary: 
Apparel industrialists here expressed worry over the duty free import trade of ready made garments (RMG)from Bangladesh. China has taken undue advantage of the free trade and is selling goods to India, they said. Under the South Asian Free Trade Area (SAFTA) agreement, Bangladesh was allowed to export more than 60 products including RMG to India without any duty. The neighbouring country’s share in international RMG market is next only to China. Industrial sources

Apparel industrialists here expressed worry over the duty free import trade of ready made garments (RMG)from Bangladesh. China has taken undue advantage of the free trade and is selling goods to India, they said.

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Puma preparing for tariff disruption

Related Keywords: Bangladesh, brand, China, consumers, Germany, import, price, Puma, sportswear, US, Vietnam

Germany
Puma preparing for tariff disruption
Summary: 
Sportswear brand Puma has warned that an increase in the price of its products is inevitable should proposed tariffs on more China-made products imported into the US come into effect. Chief executive Bjorn Gulden has said the brand is already taking action in response to the situation. This has included moving some of its production from China to other countries like Vietnam, Bangladesh

Sportswear brand Puma has warned that an increase in the price of its products is inevitable should proposed tariffs on more China-made products imported into the US come into effect.

Chief executive Bjorn Gulden has said the brand is already taking action in response to the situation. This has included moving some of its production from China to other countries like Vietnam, Bangladesh and Cambodia.

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Textile industry urged to focus on sustainable production

Related Keywords: Bangladesh, China, exports, Garments, innovation, manufacturers, market, sustainable, Textile, United States

India
Textile industry urged to focus on sustainable production
Summary: 
Textile manufacturers should focus on sustainable textiles and look at consistency in quality, according to Prabhu Dhamodharan, convenor of Indian Texpreneurs’ Federation. At the inaugural of a National Textile Conclave, organised here on Saturday, by Quality Circle Forum of India (QCFI) and Indian Texpreneurs Forum (ITF), Mr. Dhamodharan said that the trade war between

Textile manufacturers should focus on sustainable textiles and look at consistency in quality, according to Prabhu Dhamodharan, convenor of Indian Texpreneurs’ Federation.

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Apparel prices fall 1.61% in 4 years

Related Keywords: apparel, Bangladesh, BGMEA, Business, export, garment, growth, manufacturing, Shipments

Bangladesh
Apparel prices fall 1.61% in 4 years
Summary: 
Prices of garment items exported from Bangladesh dipped by 1.61 percent over the last four years, a reflection of the pressure international clothing retailers and brands always put on the garment manufacturers for lowering prices. If the period between fiscal 2015-16 and 2018-19 are taken into consideration, price per unit of garment items increased only last year by 1.42 percent, according to data from Bangladesh Garment Manufacturers and Exporters Association

Prices of garment items exported from Bangladesh dipped by 1.61 percent over the last four years, a reflection of the pressure international clothing retailers and brands always put on the garment manufacturers for lowering prices.

If the period between fiscal 2015-16 and 2018-19 are taken into consideration, price per unit of garment items increased only last year by 1.42 percent, according to data from Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

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Trade war is turning out to be boon for Bangladesh

Related Keywords: Bangladesh, China, European, garment, manufacturer, supply chain, United States, Viyellatex

Bangladesh
Trade war is turning out to be boon for Bangladesh
Summary: 
For the first time in 30 years, Newage Group, a Bangladesh-based garment manufacturer, is sensing an opportunity to sell in the US and it has President Donald Trump’s battle with China to thank. Newage, a supplier to Hennes & Mauritz AB, has been doing business with European companies for three decades but is now getting inquiries from Macy’s Inc. and Gap Inc., Asif Ibrahim, vice-chairman

For the first time in 30 years, Newage Group, a Bangladesh-based garment manufacturer, is sensing an opportunity to sell in the US and it has President Donald Trump’s battle with China to thank.

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Indian texile and apparel industry reinventing itself

Related Keywords: apparel, Bangladesh, environmental impact, fashion, fast fashion, government, Higg Index, India, innovation, market, Textile

India
Indian texile and apparel industry reinventing itself
Summary: 
India feels the adverse social and environmental impact of ‘fast fashion’; however, this may change soon. India is a global manufacturing hub for textiles and apparel, coping with growing international and domestic demand. The global textiles market is projected to reach $1.3 trillion by 2025. Similarly, the domestic market

India feels the adverse social and environmental impact of ‘fast fashion’; however, this may change soon.

India is a global manufacturing hub for textiles and apparel, coping with growing international and domestic demand. The global textiles market is projected to reach $1.3 trillion by 2025. Similarly, the domestic market for apparel is estimated to reach $59.3 billion by 2022 and that for textiles to grow to $223 billion by 2021. The industry is also critical in terms of income and employment generation, contributing to 5 percent of India’s current GDP.

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India's apparel export's share in total exports fall from 51% in FY17 to 45% in FY19

Related Keywords: Bangladesh, decline, export, Garments, import, India, Industry, manufacturing, Textile, Vietnam

India
India's apparel export's share in total exports fall from 51% in FY17 to 45% in
Summary: 
The new government would have to rethink its policy on turning around India’s second-largest job provider, as the textile sector continues to gasp for growth. Three years after key regulatory and labour changes were put

The new government would have to rethink its policy on turning around India’s second-largest job provider, as the textile sector continues to gasp for growth. Three years after key regulatory and labour changes were put in place, India’s textile and apparel exports have declined from $38.60 billion in 2014 to $37.12 billion in 2018 while imports have increased from $5.85 billion to $ 7.31.

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